Ethereum (ETH) Hits New Highs
Over $2,500 - but Why Could This
?Rally Be Short-Lived
$BTC $ETH $BNB #Follow us to be the winner
Learn to play on Binance #5.000 Today's cryptocurrency market is trading in
green, with top players like Bitcoin (BTC) and
Ethereum (ETH) leading the upswing. BTC has
soared past $47,000 in the light of a record high in
the S&P 500 and investors' increasing inclination
towards crypto as a hedge against inflation.
Notably, Bitcoin's journey post the approval of the
spot BTC ETFs on January 10 is characterized by
significant fluctuations and a keen eye from
traders on its next move. Despite market
turbulence, Bitcoin derivatives metrics signal a
bullish trend, suggesting a potential rise towards
the $49,000 mark. This upward trajectory is
further evidenced by an over 5% increase in BTC's
price anda striking 19% surge in trading volume
to $29.5 billion, bolstering its nearly $918 billion
.market cap
Ethereum (ETH), on the other hand, is not far
behind in this race, having secured a 3% gain,
hitting $2,500 and boasting a market valuation
over $297 billion. ETH's trading volume has